Topgolf Callaway Brands (MODG) is ranked as the best golf stock to buy
From Yahoo Finance: 2025-04-14 09:46:00
- The golf industry sees growth with 800,000 more women golfers joining between 2020-2022, while business-related golf increases. Younger players book online, indicating expansion opportunities for courses catering to women, social golfers, and tech-savvy players.
- The US golf industry is booming, with 45 million Americans playing in 2023. Nearly 2 million new golfers annually, 3.4 million projected in 2023. Record rounds played in 2023, showcasing high demand for golf despite a 12% drop in course supply since 2006.
- TGL, a new golf league combining digital and physical elements, offers a unique golf experience. The 2025 PGA Merchandise Show highlights the industry’s strong momentum, with significant growth and potential in the $102 billion industry.
- Topgolf Callaway Brands Corp. (NYSE:MODG) reported $203 million in total company free cash flow, exceeding expectations and strengthening its financial position. Ranked 1st on the list of best golf stocks, MODG aims to spin out for improved shareholder value and focus on product-side operations in 2025.
- MODG’s management expresses confidence in the company’s operations for 2025, particularly in the Golf Equipment category. While golf stocks show potential, AI stocks may offer higher returns within a shorter timeframe. Consider exploring undervalued AI stocks for promising investment opportunities.
Read more at Yahoo Finance: Is Topgolf Callaway Brands (MODG) the Best Golf Stock to Buy According to Analysts?